Fiduciary Financial Group LLC Acquires 114 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Fiduciary Financial Group LLC raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 46.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 361 shares of the company's stock after purchasing an additional 114 shares during the quarter. Fiduciary Financial Group LLC's holdings in MercadoLibre were worth $698,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its position in MercadoLibre by 11.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock valued at $2,328,000 after purchasing an additional 143 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of MercadoLibre in the 4th quarter valued at $2,619,000. Prospect Financial Services LLC increased its stake in shares of MercadoLibre by 41.7% in the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock valued at $663,000 after buying an additional 100 shares during the period. Jones Financial Companies Lllp increased its stake in shares of MercadoLibre by 34.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,503 shares of the company's stock valued at $5,957,000 after buying an additional 891 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in shares of MercadoLibre by 47.3% in the 4th quarter. Apollon Wealth Management LLC now owns 629 shares of the company's stock valued at $1,070,000 after buying an additional 202 shares during the period. Institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Up 0.1%

MELI stock traded up $3.16 during midday trading on Friday, hitting $2,371.98. 341,577 shares of the company's stock were exchanged, compared to its average volume of 385,718. The stock's fifty day moving average price is $2,330.03 and its 200-day moving average price is $2,072.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company has a market cap of $120.25 billion, a PE ratio of 62.92, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company's revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the previous year, the company posted $6.78 earnings per share. Research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MELI has been the subject of several research reports. UBS Group set a $3,000.00 target price on MercadoLibre in a research note on Monday, June 2nd. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Benchmark cut MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Citigroup reissued a "buy" rating on shares of MercadoLibre in a research note on Friday, June 6th. Finally, Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has an average rating of "Moderate Buy" and an average price target of $2,632.50.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.